9708/11 Economics May Jun 2023 Online Test | Cambridge AS and A Level MCQ
The diagram shows a consumer’s budget line PQ when the consumer’s income was $20 per day and the prices of X and Y were $2 and $1.25 respectively.
The consumer’s income increases to $30 and, at the same time, the prices of X and Y change.
If the consumer’s budget line is now RS, what are the new prices of X and Y?